Let’s start a list of issues with the property it self and how we fixed them:1. Painted over wall paper - used a belt sander with 60 grit, then a skim coat mud, then normal paint prep.2. Not enough matching doors - re...
I have kept rent very low on one of my units because it needed work. I'm getting work done now and would like to bring it closer to market. I'd love feedback on the following:Tenant has been great for 15 years. His ...
Debt or Leverage of Low interest, what is best plan before retirement?we live in California, have primary home and a rental home. I have 530k balance primary home first mortgage locked 3.5% for 30 years (PITI=$3263), ...
Is it normal to start freaking out after you purchase your first rental property? I know I am seriously freaking out. I hope that it's just the jitters from all of the new things going on. This is the first propert...
Like the title says, how much do you pay your private lenders? I have seen that 8% - 15% seems like the average.
Now another question - is that 8-15% on the money they lend you or of your final profit?
Hey BP family,So I finally did it and made the jump into multi-family with my first 4plex closed today. I wanted to run the summary information here and get what feedback I could from all your experience. I've only pu...
I have heard quite a few reasons for living in various areas. Weather, family, politics, job transfer, college, etc. However, I don't recall ever hearing someone say they moved to a particular area because it was la...
Hi Guys,If I am not looking for any value appreciation, but I look for the real HIGHEST return on investment (ROI) or actually net operating income (NOI), can you name some cities and return % here and share? I just w...
Hi all, I have been learning a ton by listening to BP podcasts and reading up on the forums!I am a buy and hold investor looking to invest into small multi family units out of state. I eventually would like to invest...
We are under contract for a 4 unit apartment complex in Taft for $170k.Each unit rents for $575. Currently, there is 50% vacancy. It was advertised as fully occupied. I talked with one of the tenants who has lived the...